Auto giant Volkswagen will reportedly be restructured into four major holding companies that will each handle 3 of the 12 brands that the automaker currently owns.

The rumored company revamp will break away from the traditional centralized management structure that was originally put up by former Volkswagen Chairman Ferdinand Piech. Compared to the Piech's approach where a central leader and a few advisors would handle big decisions, the decentralized management structure will 'streamline' decision-making in each brand.

Each company can also decide on what models will they bring to the market while regional chiefs will have more room to grow on deciding and how to develop an upcoming automobile.

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Volkswagen, Skoda and Seat will be led by Volkswagen brand manager Herbert Diess while Audi, Ducati and Lamborghini will be managed by Audi CEO Rupert Stadler.

Current Porsche boss Matthias Mueller will govern over Porsche, Bentley and Bugatti and VW Commercial Vehicles, Scania and MAN will be under the leadership of Andreas Renschler, a board member of Volkswagen AG with responsibility in the company's commercial vehicles.

Volkswagen aims to finalize the company restructuring in a few months time as the company also plans to have a supervisory board approval during their scheduled meeting at the end of September.